AIBOA - One More Mere Routine Exercise With IBA

Wage Talks with IBA – One More Mere Routine Exercise

AIBOA - Insurance Backed Hospitalization Scheme

Insurance Backed Hospitalization Scheme

AIBOA Circular - Unions Firmly Rejected The Proposal Of IBA

Unions Firmly Rejected The Proposal of IBA – AIBOA

AIBOA - Extend Financial Assistance For Kerala Floods

Kerala Floods: AIBOA Request to Extend Financial Assistance

AIBOA - Massive Response By The Banking Workforce

AIBOA - Massive Response By The Banking Workforce

ALL INDIA BANK OFFICERS’ ASSOCIATION

Circular No.12/VII/2018

May 30m 2018

To:

All UNITS /STATE COMMITTEES

Dear Comrades,

WELL BEGUN HALF DONE.

HISTORIC 48 HOURS STRIKE HAS COMMENCED WITH BIG BANG.

MASSIVE RESPONSE BY THE BANKING WORKFORCE.

In response to the call of 48 hours strike given by the nine constituents consisting of 4 officers’ organisations and 5 workmen organisations, the entire work force in the banks, have collectively responded to the directions given by the unions. Reports are pouring in from various parts of the country that the response is unprecedented. Unmindful of the soaring temperature, the participation by the members established in unmistakable terms that the level of dissatisfaction is crossed the tolerance level.

2. Looking to the developments that has rocked the Banking system in the last week of January 2018, the responsible and responsive organisations in Banking, took a right decision to postpone the one day strike in Feb, 2018 and responded to the situation by holding a Dharna on 21st March, 2018 at Delhi. The delegation met the Hon’ble Finance Minister and also the Secretary D.F.S. Government of India, which facilitated for a meeting with IBA after six months period. It was a bolt from the blue on 5th May, 2018, that IBA offered a meagre increase of 2% in pay slip components based on the establishment charges as at 31.03.2018. As far as officers are concerned that IBA’s stand on negotiations upto Scale III was certainly unacceptable. In spite of CLC counseling in the conciliation meeting held on 28th May, 2018, the approach of the IBA was all the more intriguing.

3. The four officers’ representatives meeting with Additional Secretary DFS, as decided earlier, facilitated the change in the approach with respect to the negotiations upto Scale VII. But there was no urgency felt on the part of the IBA, to avert the strike, by proposing the mid course correction in the overall atmosphere of negotiations. The last minute half hearted approach by the authorities is also unjust.

TO Conclude; SUCCESS IS NOT SOMETHING READYMADE. IT COMES FROM YOUR OWN SET OF ACTIONS PERFORMED.

MOVE ON, MOVE TOGETHER, MAKE THE STEPS MORE MEMORABLE IN THE ANNALS OF THE HISTORY OF MANKMEN.

Yours comradely,

S.NAGARAJAN.

GENERAL SECRETARY

Source: http://www.aiboa.org/

AIBOA - Save Banking Industry

AIBEA & AIBOA : Joint Massive Signature Campaign

SAVE BANKING INDUSTRY – JOINT SIGNATURE CAMPAIGN – TARGET ONE CRORE

ALL INDIA BANK OFFICERS’ ASSOCIATION

Circular No.1/VII/2018

January 8, 2018

To:

ALL UNITS / STATE COMMITTEES

Comrades,

SAVE BANKING INDUSTRY

JOINT SIGNATURE CAMPAIGN

TARGET – ONE CRORE

The present Government at the centre with the focussed approach is targeting the “main nerve centre” of economic activity of our Nation [ie] our Industry, to carry out their plan of actions. Some of them are – broadly;

1. INFUSION OF CAPITAL TO BANKS: The Government conceded our demand but they are attached the conditions of reforms [ie] consolidation through mergers etc.

2. RECOVER THE BAD LOANS THROUGH STRINGENT MEASURES: In order to silence the strong voice of the people at large, an amendment to Banking Regulation Act – “Insolvency and Bankruptcy code” was brought in. 12 top accounts amounting more than Rs.2,52,000 crores is pending before National Company Law Tribunal[NCLT] for adjudication.

Through the NCLT total money will not come back to the Banks but accommodation of the big defaulters would certainly take place.

3. ACCOMMODATION OF THE BAD LOAND DEFAULTERS AND PENALISE THE COMMON MAN / DEPOSITORS: The earning to a financial Institution is mainly through lending operations. When the bad loans are increasing, earnings are declining.

To cover the future loss, the exercise of provisioning is taking place. Small depositors are to be paid increased rate of interest, to encourage the savings. But the present position is not favourable to small investors. In the name of non-maintaining the minimum balance in the accounts, depositors are penalised by levying charges and the income earned through this method is more than the real banking transactions.

4. BRANCH EXPANSION IS THE NEED OF HOUR NOT BRANCH CLOSURE: We have proved that the favourite issue of “financial inclusion” has been brilliantly implemented by Bankmen across the country thereby nearly 21 crores of accounts have been added with a total deposit of over Rs.70000 crores. We need branch expansion to cater the requirements of the common people of this country. At this point of time, Government is seriously pursuing the issue of mergers of Banks. 5 Associate Banks mergers with SBI had already led to closure of 1000 branches . Further 200 to 300 branches, SBI is planning to close down.

5. WITHDRAW FRDI BILL: Untimely introduction of the bill by the present Government has kick started the flight of Bank deposits to mutual fund. Leading Bank- SBI- has released an advertisement in social media instigating the small investors to invest in mutual funds instead of savings, through Bank accounts. The “bail in” clause has created sufficient fear and loss of confidence in Public Sector Banks.

Comrades, our Joint signature campaign has to be actively pursued and hit the target of getting the common people involved in the noble tasks of “Saving the Banking Industry” thereby “saving the Nation”.

Plunge into vigorous campaign as the time at our disposal is too short and also precious.

Yours comradely,

sd/-

/S.NAGARAJAN/

GENERAL SECRETARY

Source: http://www.aiboa.org/